Tag: car payments
Auto Repossession and Deficiency Balance
Auto repossession occurs when a car owner defaults on loan payments, leading to the vehicle being seized by the lender. This event often results in a financial burden known as a deficiency balance. This balance represents the gap between the…
Behind on Car Payments? How to Avoid Repo.
You know those moments when life feels like an unexpected pop quiz? Just when you think you’re cruising along, an unexpected twist comes out of nowhere, especially with finances. If those monthly car payments have turned from manageable speed bumps…
